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MSAD 19 moves two scholarship funds into CDs, adds superintendent and business manager as signers
Summary
The school committee voted 5-0 to move the 'Dollars for Scholars' and 'Charles and Matilda Leighton' scholarship funds into certificates of deposit at Bar Harbor Bank and Trust and to add Superintendent MaryEllen Day and Business Manager Chad Allen as signers.
The Maine School Administrative District No. 19 School Committee on Feb. 5 approved two motions to move district-held scholarship funds into certificates of deposit at Bar Harbor Bank and Trust.
Jane Lanctot moved and Richard Eaton seconded a motion to move the 'Dollars for Scholars' scholarship funds into a CD and to add Superintendent MaryEllen Day and Business Manager Chad Allen as signers; the committee voted 5-0 to approve. Later the committee voted 5-0 on a similar motion, moved by Jane Lanctot and seconded by Chair Trisha McCurdy, to move the 'Charles and Matilda Leighton' scholarship funds into a CD and add the same signers.
During public comment Anna Street reported union bake-sales raised $440 to fund two $300 scholarships the union will award to high school students. The committee recorded the bank-account actions as approved and directed central office staff to complete necessary account paperwork.
